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Business, 14.04.2020 19:59 Maya629277

Lacy's Linen Mart uses the average cost retail method to estimate inventories. Data for the first six months of 2021 include: beginning inventory at cost and retail were $63,000 and $122,000, net purchases at cost and retail were $314,000 and $482,000, and sales during the first six months totaled $492,000. The estimated inventory at June 30, 2021, would be:

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